Roche to Boost Pipeline With Telavant Buy
Roche has agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth over $7 billion that will give it rights to a therapy for inflammatory bowel disease and potentially multiple other indications.
Philips Upgrades Outlook After Strong Third Quarter
Philips said it expected adjusted earnings to rise 10%-11% for the year, after reporting above-forecast third-quarter results, helped by EUR258 million of cost savings, with its restructuring and productivity plans on track.
Tim Cook Can’t Make iPhones Without This Chinese Company and Its CEO
Apple is increasingly reliant on China-based Luxshare for manufacturing amid U.S. tensions with Beijing.
Big Shipping-Container Firm Strikes Deal
Infrastructure investor Stonepeak agrees to buy Textainer for $50 a share in cash.
Kweichow Moutai Posts 16% Rise in Profit
Chinese liquor maker Kweichow Moutai posted a 16% increase in net profit for the third quarter, driven by strong revenue growth.
Apple Supplier Foxconn Faces Chinese Investigations
The Taiwan-based Apple supplier, whose founder is seeking the Taiwan presidency, said it is cooperating with Chinese authorities.
Taylor Swift Concert Film, ‘Killers of the Flower Moon’ Top Weekend Box Office
“Taylor Swift: The Eras Tour” out-earned the Martin Scorsese-directed western crime film over the weekend and became the first concert film to gross more than $100 million.
Goldman Sachs Veteran to Become CEO of Asset-Management Firm
Luke Sarsfield, who helped run Goldman’s asset-management unit, is set to join P10, which specializes in so-called alternative investments.
China Detains Current and Former GroupM Employees As Part of Commercial Bribery Case
Concerns grow among foreign companies in China over police raids, detentions and moves to block employees from leaving.
Will Sam Bankman-Fried Bet on His Own Testimony?
The FTX crypto-exchange founder faces a choice on whether to take the stand after former members of his inner circle testified that there was sweeping fraud.
Source: Dow Jones Newswires